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Real Estate & Property Law

: Housing Wire

Feds Begin ?Stress Tests?; New Capital Injection Plan Rolls Out

By DIANA GOLOBAY

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The Treasury Department late Wednesday released details surrounding a “core element” of President Barack Obama’s financial stability initiatives. The Capital Assistance Program (CAP) will use the results of “economic assessments” of major banks to determine whether “an additional capital buffer is warranted,” at which time banks would be able to seek private sources of capital [...]

Full post as published by Housing Wire on February 26, 2009 (boomark / email).

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